U.S. new-home sales hold near a 676,000 annual pace

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Facts. On October 27, the Census Bureau reported September new single-family home sales at a seasonally adjusted annual pace of 676,000, versus 680,000 in August. Supply stood at 8.4 months.

Why it matters. Housing is sensitive to mortgage costs and gives insight into buyers and builders.

Rockstar Briefing analysis. The estimated −0.6% monthly change has a wide margin of error and does not establish a statistically significant decline. Subsequent reports will provide better context.

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